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For saleMLS® X13857566

43 COSBY Avenue, St. Catharines, ON L2M 5R7

Facer · L2M 5R7

$639,000

$581 / sq ft

1 months on market

Bedrooms
6
Bathrooms
3
Interior
1,100 sf
Parking
6
Lot
40 × 90 ft
Age
51-99 years

What's special

  • Detached garage
  • Central air
  • Finished basement

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About this property

Fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate. Each updated suite features modernized flooring, kitchens, and bathrooms, while major capital improvements include a new central air conditioner (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. Investors will appreciate the separately metered hydro, ample on-site parking, detached garage, and fully occupied units providing immediate cash flow from day one. The current rental income offers an attractive return today while still allowing room for future growth as rents continue to align with market levels over time. Located in the heart of St. Catharines, just minutes to Highway 406, downtown, shopping, public transit, Brock University, and everyday amenities, this property is well-positioned in one of Niagara's strongest rental markets. Whether you're adding to an established portfolio or purchasing your first income property, opportunities offering this combination of strong returns, significant capital updates, stable tenancy, and rental upside are increasingly difficult to find.

Features

  • Other

Property details

Property

Property type
multiplex
Bedrooms
6
Bathrooms
3
Interior size
1,100 sq ft
Year built
51-99
Lot size
40 × 90 ft
Zoning
R2
Possession
Flexible

Interior

Basement
Finished, Full
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
West

Exterior & services

Construction
Vinyl Siding
Garage
Detached
Parking spaces
6
Sewer
Sewer

Costs

List price
$639,000
Property taxes
$3,179 / year (2025)
Price per sq ft
$581
Rental items
Hot Water Tank

Listing

MLS® number
X13857566
Status
For sale
Listed
October 2, 2026
Days on market
33
Last updated
October 2, 2026
Listing brokerage
REVEL Realty Inc., Brokerage

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 59% of comparable multiplex listings in St. Catharines are asking less.

$400KMedian $512K$1000K
This home
$581 / sq ft
Comparable median
$404 / sq ft

Based on 32 comparable active multiplex listings in St. Catharines. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.1% · minimum $38,900
$38,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,318.06
Property tax (est.)
$264.92
Estimated monthly
$3,583

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$9,255
Total due on closing
$9,255

An estimate on the asking price of $639,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REVEL Realty Inc., Brokerage. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$639,000

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